3.0.0 7364 2022-12-29T23:03:27Z 2022-12-29T23:03:27Z House HR 2022-04-01 117 [Congressional Record Volume 168, Number 58 (Friday, April 1, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GRAVES of Louisiana:H.R. 7364.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution,specifically Clause I (relatin providing for the commondefense and general welfare of the United States) and 18(relating to the power to make all laws necessary and properfor carrying out powers vested in Congress).[Page H4127]]]> hsba00 Financial Services Committee House Standing Referred to 2022-04-01T13:01:30Z Homeowner Flood Insurance Transparency and Protection Act 117 3934 S 2022-03-28 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2022-04-01 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2022-04-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-04-01 Introduced in House IntroReferral 1000 9 Library of Congress G000577 Rep. Graves, Garret [R-LA-6] Garret Graves R LA 6 N P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2022-04-01 True W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2022-04-01 True C001125 Rep. Carter, Troy [D-LA-2] Troy Carter D LA 2 2022-04-01 True P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2022-04-01 True R000603 Rep. Rouzer, David [R-NC-7] David Rouzer R NC 7 2022-04-01 True Finance and Financial Sector Finance and Financial Sector 00 2022-04-01 Introduced in House 2022-09-09T13:51:44Z Stop Flood Insurance Rate Hikes Act

This bill allows National Flood Insurance Program policyholders to elect to pay premiums at the rate in effect prior to the implementation of Risk Rating 2.0 and to receive refunds for previously paid premiums. Risk Rating 2.0 bases premium rates on an individual property's specific flood risk instead of the flood risk of a general location and property type.

Policyholders may elect to pay the previous rate until the Federal Emergency Management Agency performs several actions regarding Risk Rating 2.0, including

  • publishing all data and methods used to calculate premium rates under Risk Rating 2.0,
  • creating an online database where policyholders can see premium rates for their property using specified calculations, and
  • publishing an assessment of the economic, social, and environmental impacts of Risk Rating 2.0.
]]> Stop Flood Insurance Rate Hikes Act Display Title Stop Flood Insurance Rate Hikes Act Short Title(s) as Introduced Stop Flood Insurance Rate Hikes Act Introduced in House IH Official Title as Introduced To permit policyholders under the National Flood Insurance Program to elect to have previous premium rates remain in effect until the Administrator of the Federal Emergency Management Agency satisfies certain conditions, and for other purposes. Introduced in House IH Introduced in House 2022-04-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr7364ih/xml/BILLS-117hr7364ih.xml 2022-04-01 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.